Forever is a long, long time.
One of the “advantages” of a reverse mortgage is that you can stay in your house. I’ve even heard people claim that they want to stay in their house forever. Well, at least until they die. But is that a realistic ambition? And even so, will your spouse want to stay in the house after you have gone on?
These are serious questions, and they deserve serious thought.
When my mom died, Dad wanted out of the house as fast as humanly possible. There were too many memories everywhere he looked. And yes, they reminded him of the good times he and Mom had together. But they also reminded him with aching finality that she was gone.
He decided to sell the house and move out the the farm that has been in our family for more than 100 years. This move fulfilled one of his long-term goals.